That's a disingenuous argument.

Just because you won't accept your salary in Euros, doesn't mean you don't have faith in the future of it.

How so?

You would think the currency of the future would be liquid enough to provide capital for their growth no?

Why resort to raising USD?

Coinbase did a direct listing and didn’t raise money from this event. They provided liquidity for their shareholders.

Again why not do it BTC if it is indeed the future?

This is a direct listing. Sure they could open up a private market so their investors could sell for Bitcoin, but:

1. I bet most shareholders already have plenty of crypto and should diversify.

2. Opening up a private market for Bitcoin-only sales really doesn’t help liquidity much.

It’s important to remember - this wasn’t a move for Coinbase to raise money, it was to enable people who have shares in Coinbase to be able to more easily sell.

It’s a cash out while they still can

They're a bridge between USD and virtual currencies. They care a lot about USD's future as well.

Nope they just need capital to exit.

Unfortunately there’s no liquidity in crypto hence why they want USD.